I’m not a CPA, and when it comes to all the rules and regulations surrounding individual retirement accounts (IRAs), I know I’ve made the right career choice. Most people know that there are two types of IRAs called Traditional and Roth, but not much else. The emergence of micro-investing apps… Continue Reading..
I often spend my time wishing that my grand-babies could stay babies for as long as possible, but I recently discovered a book that makes me wish they were already reading. The Giving Book by Ellen Sabin is an introduction to philanthropy geared towards children between five and ten years… Continue Reading..
Recently I was interrupted during a fabulous vacation by a call from the bank. Thankfully they weren’t calling about the card I was intending to use for the check, but they did have some concerns about something else that is dear to my heart: one of my clients. The bank… Continue Reading..
Whenever we talk to our young adult children about money, it’s a good idea for us to be careful about what we say and how we say it. For starters, don’t come off as bossy or tell them what to do—because they may do the opposite just to spite us.… Continue Reading..
As we all certainly know, time is merciless in its march into the future. And at this time of year, especially, we are cognizant of the new year ahead. In addition to filling our gyms beyond capacity on January 2nd, many of us choose to tone up our wallets, usually… Continue Reading..
Where will your family go to remember you after you die? Hint: The answer is not a graveyard. I sometimes wonder what would happen if I abandoned my social media presence. Well I got my answer the other day when LinkedIn managed to make me feel awkward in my own… Continue Reading..
Most people wouldn’t dare attempt fixing plumbing problems without the help of a plumber. It is simply too important to not do correctly. The same is true when it comes to categorizing your expenses, preparing your will or filing your taxes. The good news is that there are professionals available… Continue Reading..
A particularly useful philanthropic instrument is the Donor-Advised Fund (DAF). A DAF is a philanthropic vehicle that allows donors to make charitable contributions and receive immediate tax benefits - as opposed going through all the aggravation and expense of having a family foundation. According to Wikipedia: To participate in a donor-advised… Continue Reading..
Making a will is one of the smartest “rainy day” projects that any parent could undertake. Though it might not seem exciting to you, the stakes are high and your family’s future - as well as your legacy - hang in the balance. If you don’t have a will, you… Continue Reading..
If old adages are meant to offer guidance about the world, none ring truer than “Hindsight is 20/20.” Unfortunately, unless we have a time machine, we are caught in a Catch-22 when we try to apply it. So why not listen to other people’s hindsight instead? That was my motivation… Continue Reading..